
Reconnaissance Energy Africa Ltd.
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Reconnaissance Energy (Africa) Ltd RECAF:OTCQX
KEY STATS
- Open5.00
- Day High5.08
- Day Low4.95
- Prev Close4.95
- 52 Week High11.23
- 52 Week High Date06/24/21
- 52 Week Low0.64
- 52 Week Low Date11/02/20
- Market Cap939.59M
- Shares Out187.17M
- 10 Day Average Volume0.00M
- Dividend-
- Dividend Yield-
- Beta-
- YTD % Change187.58
RATIOS/PROFITABILITY
- EPS (TTM)-0.12
- P/E (TTM)-41.27
- Fwd P/E (NTM)-
- EBITDA (MRQ)-15.218M
- ROE (MRQ)-35.12%
- Revenue (MRQ)0.00
- Gross Margin (MRQ)-
- Net Margin (MRQ)-
- Debt To Equity (MRQ)0.00%
EVENTS
- Earnings Date-
- Ex Div Date-
- Div Amount-
- Split Date-
- Split Factor-
There is no recent news for this security.
There is no recent news for this security.
Reconnaissance Energy AfricaTSXV:RECO Stock Report
Reconnaissance Energy Africa Competitors
Price History & Performance
Historical stock prices | |
---|---|
Current Share Price | CA$6.14 |
52 Week High | CA$0.86 |
52 Week Low | CA$13.84 |
Beta | 3.1 |
1 Month Change | -2.07% |
3 Month Change | -43.10% |
1 Year Change | 484.76% |
3 Year Change | n/a |
5 Year Change | n/a |
Change since IPO | 2,054.39% |
Recent News & Updates
Shareholder Returns
RECO | CA Oil and Gas | CA Market | |
---|---|---|---|
7D | 3.5% | 2.7% | 1.2% |
1Y | 484.8% | 71.8% | 28.4% |
Return vs Industry: RECO exceeded the Canadian Oil and Gas industry which returned 68.4% over the past year.
Return vs Market: RECO exceeded the Canadian Market which returned 27.7% over the past year.
Price Volatility
RECO volatility | |
---|---|
RECO Beta | 3.1 |
Industry Beta | 1.77 |
Market Beta | 1 |
Stable Share Price: RECO is more volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 14% a week.
Volatility Over Time: RECO's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of Canadian stocks.
About the Company
Reconnaissance Energy Africa Ltd., a junior oil and gas company, engages in the identification, exploration, and development of oil and/or gas assets in Namibia and Botswana. It holds a 90% interest in a petroleum exploration license that covers an area of approximately 25,341.33 km2 located in Namibia; and 100% working interest in a petroleum license, which covers an area of 9,921 km2 located in northwestern Botswana. The company is based in Vancouver, Canada.
Reconnaissance Energy Africa Fundamentals Summary
RECO fundamental statistics | |
---|---|
Market Cap | CA$1.20b |
Earnings (TTM) | -CA$20.05m |
Revenue (TTM) | n/a |
Earnings & Revenue
RECO income statement (TTM) | |
---|---|
Revenue | CA$0 |
Cost of Revenue | CA$0 |
Gross Profit | CA$0 |
Expenses | CA$20.05m |
Earnings | -CA$20.05m |
Last Reported Earnings
Jun 30, 2021
Earnings per share (EPS) | -0.11 |
Gross Margin | 0.00% |
Net Profit Margin | 0.00% |
Debt/Equity Ratio | 0.0% |
How did RECO perform over the long term?
See historical performance and comparisonValuation
Is Reconnaissance Energy Africa undervalued compared to its fair value and its price relative to the market?
11.01x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate RECO's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate RECO's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: RECO is unprofitable, so we can't compare its PE Ratio to the Canadian Oil and Gas industry average.
PE vs Market: RECO is unprofitable, so we can't compare its PE Ratio to the Canadian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate RECO's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: RECO is overvalued based on its PB Ratio (11x) compared to the CA Oil and Gas industry average (2.1x).
Future Growth
How is Reconnaissance Energy Africa forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
12.1%
Forecasted Energy industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Reconnaissance Energy Africa has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Past Performance
How has Reconnaissance Energy Africa performed over the past 5 years?
-293.7%
Last years earnings growth
Earnings and Revenue History
Quality Earnings: RECO is currently unprofitable.
Growing Profit Margin: RECO is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if RECO's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: Unable to compare RECO's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: RECO is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (44.8%).
Return on Equity
High ROE: RECO has a negative Return on Equity (-19.2%), as it is currently unprofitable.
Financial Health
How is Reconnaissance Energy Africa's financial position?
Financial Position Analysis
Short Term Liabilities: RECO's short term assets (CA$64.8M) exceed its short term liabilities (CA$2.2M).
Long Term Liabilities: RECO has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: RECO is debt free.
Reducing Debt: RECO had no debt 5 years ago.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: RECO has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: RECO has sufficient cash runway for 2.5 years if free cash flow continues to reduce at historical rates of 122.4% each year.
Dividend
What is Reconnaissance Energy Africa current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate RECO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate RECO's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if RECO's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if RECO's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of RECO's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.2yrs
Average management tenure
CEO
Mr. Scot Evans serves as Chief Executive Officer at Reconnaissance Energy Africa Ltd. since August 24, 2020. He served as Chief Operating Officer at Reconnaissance Energy Africa Ltd.since April 29, 2020 u...
CEO Compensation Analysis
Compensation vs Market: Scot's total compensation ($USD218.15K) is below average for companies of similar size in the Canadian market ($USD1.18M).
Compensation vs Earnings: Insufficient data to compare Scot's compensation with company performance.
Leadership Team
Experienced Management: RECO's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.
Board Members
Experienced Board: RECO's board of directors are not considered experienced ( 1.2 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: RECO insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 75.3%.
Top Shareholders
Company Information
Reconnaissance Energy Africa Ltd.'s employee growth, exchange listings and data sources
Key Information
- Name: Reconnaissance Energy Africa Ltd.
- Ticker: RECO
- Exchange: TSXV
- Founded: NaN
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Market Cap: CA$1.198b
- Shares outstanding: 187.17m
- Website: https://www.reconafrica.com
Location
- Reconnaissance Energy Africa Ltd.
- PO Box 48326 BENTALL
- Suite 1500
- Vancouver
- British Columbia
- V7X 1A1
- Canada
Listings
Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
---|---|
Company Analysis | 2021/10/12 23:10 |
End of Day Share Price | 2021/10/12 00:00 |
Earnings | 2021/06/30 |
Annual Earnings | 2020/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
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Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. International stock quotes are delayed as per exchange requirements. Fundamental company data and analyst estimates provided by FactSet. Copyright 2019© FactSet Research Systems Inc. All rights reserved. Source: FactSet
Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. Source: FactSet
Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. Sources: FactSet, Dow Jones
Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. Sources: FactSet, Dow Jones
ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. Sources: FactSet, Dow Jones
Bonds: Bond quotes are updated in real-time. Sources: FactSet, Tullett Prebon
Currencies: Currency quotes are updated in real-time. Sources: FactSet, Tullett Prebon
Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. Change value during other periods is calculated as the difference between the last trade and the most recent settle. Source: FactSet

Data are provided 'as is' for informational purposes only and are not intended for trading purposes. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. Data may be intentionally delayed pursuant to supplier requirements.
Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright 2019© Refinitiv. All rights reserved. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
Cryptocurrencies: Cryptocurrency quotes are updated in real-time. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies)
Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. Source: Kantar Media
Stock price energy reconnaissance
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